Online gaming revenues in Spain are at the rise, in keeping with a report released by the Spanish regulator Dirección General de Ordenación del Juego (DGOJ).
As reported by eGaming Review, the DGOJ recently reported €62 million ($77.5 million) in total online gross gaming revenues in Spain for the 3 months ending Sept. 30, representing a 19-percent year-on-year increase. The third-quarter revenue figure also increased seven percent from the €58.1 million ($72.6 million) reported within the second quarter of this year, although the figures are in need of the €68.1 million ($85.1 million) reported within the first quarter.
Sportsbook revenues, which account for 54 percent of the entire gross gaming revenues, were the foremost driver of the rise despite the preferred FIFA World Cup going down over the summer months within the second quarter.
The €33.7 million ($42.1 million) in online sportsbook gross revenues represent a six-percent increase in comparison to the €31.8 million ($39.7 million) recorded within the second quarter. That could be a 35-percent year-on-year increase compared to third-quarter results from 2013.
Poker revenues also increased 12 percent from the second one quarter, and nine percent year-on-year to €17.2 million ($21.5 million) in gross gaming revenue within the third quarter of 2014. Online gaming powerhouses PokerStars and 888poker continue to dominate the Spanish poker marketplace, accounting for 90 percent of the entire reported revenue figures.
According to Pokerfuse, the rise in total online poker revenues occurred despite a decrease in cash-game revenues from €10.1 million ($12.6 million) to €9.3 million ($11.6 million).
While cash games still account for 54 percent of the entire online poker gross revenues, there was a shift to tournaments, assumed to be jumpstarted by the introduction of the lottery-style Spin & Go tournaments on PokerStars. Even if Spin & Go tournaments are popular among recreational players seeking to hit a large score within the matter of some minutes, more serious players are disturbed by this trend, believing it's cutting into their final analysis. Spanish poker players lodged a protest on July 18, shortly after these games were introduced earlier within the month.
Online casino revenues continue to struggle, reporting a seven-percent decrease right down to €8.5 million in reported third-quarter revenue. This figure still represents a five-percent increase when put next to third-quarter gaming revenue of 2013.
Spain is hoping that casino revenue will begin a good trend starting within the first quarter of 2015 when the rustic plans to introduce online slot machines for the primary time.
Gaming consultant Eduardo Morales Hermo believes a rise in online casino gaming revenues can also be significant. "IT'S expected that with the introduction of the slots, this segment will improve its overall share of the market, with estimates within the area of 60-70 percent within the overall figures for casino games," he said.
Stay tuned at PokerNews as more develops within the Spanish gaming marketplace.
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